Philippine company buys Scottish whisky distiller

whyte-mackScotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million.

Bought seven years ago by India’s United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United.

The Office of Fair Trading said Diageo’s Bell’s whisky competes with Whyte & Mackay’s own-label and branded whisky and that its acquisition of the United Spirits stake could lead to “a substantial lessening” in competition.

United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a little over $1 billion.

The Indian company said in a statement on Friday that the sale of Whyte & Mackay was subject to regulatory approval in India and Britain as well as by the Reserve Bank of India.

Whyte & Mackay was founded in 1844 in Glasgow. Its self-branded whisky holds about 3 per cent of the UK whisky market. The company sells single malt and blended Scotch whiskies, liqueurs and vodkas. Their brands include the W&M blends, Dalmore, Jura and Fettercairn single malts, Glayva liqueur and Vladivar Vodka.



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Scotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million. Bought seven years ago by India's United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United. The Office of Fair Trading said Diageo's Bell's whisky competes with Whyte & Mackay's own-label and branded whisky and that its acquisition of the United Spirits stake could lead to "a substantial lessening" in competition. United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a...

whyte-mackScotch whisky distiller Whyte & Mackay has been sold to the Philippines-based maker of Emperador brandy for $730 million.

Bought seven years ago by India’s United Spirits, the Glasgow-based distiller had to be sold for competition reasons after Diageo acquired a controlling stake in United.

The Office of Fair Trading said Diageo’s Bell’s whisky competes with Whyte & Mackay’s own-label and branded whisky and that its acquisition of the United Spirits stake could lead to “a substantial lessening” in competition.

United Spirits acquired Whyte & Mackay, which dates back to 1844, from its former chief executive, Vivian Imerman, for a little over $1 billion.

The Indian company said in a statement on Friday that the sale of Whyte & Mackay was subject to regulatory approval in India and Britain as well as by the Reserve Bank of India.

Whyte & Mackay was founded in 1844 in Glasgow. Its self-branded whisky holds about 3 per cent of the UK whisky market. The company sells single malt and blended Scotch whiskies, liqueurs and vodkas. Their brands include the W&M blends, Dalmore, Jura and Fettercairn single malts, Glayva liqueur and Vladivar Vodka.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00